Paystack has dismissed its co-founder and Chief Technology Officer, Ezra Olubi, just days after suspending him over resurfaced allegations of sexual misconduct.

The termination, disclosed by Olubi himself on Saturday, November 22, 2025, marks a swift and decisive response from the company’s leadership amid mounting scrutiny on social media.

The decision follows Paystack’s Board of Directors suspending Olubi last week and launching an internal investigation into allegations that resurfaced online.

The allegations, which spread rapidly across social media, stem from a series of old tweets and personal accusations leveled by a former associate.

According to Olubi, the termination was communicated before the investigation was concluded.

“On Saturday, 22 November 2025, I was informed that my employment had been terminated. This decision was taken before the supposed investigation was concluded, and without any meeting, hearing, or opportunity for me to respond to the issues raised, in clear contravention of the terms of the suspension and Paystack’s own internal policies,” he stated.

Olubi said he was never given an opportunity to respond to the allegations, describing the process as a violation of Paystack’s own policies.

He insisted that the cited posts do not accurately reflect his conduct and emphasized that he had fully cooperated with the Board throughout.

Olubi added that his legal team is now examining the termination procedure and evaluating whether it complied with the company’s internal rules.

“My legal team is now reviewing the process that led to my purported termination, including its consistency with internal policies. They will take the steps they consider appropriate, and I will not be commenting further on this matter at this time,” he said.

Paystack has yet to release any follow-up statement on the termination.

The fintech company, best known for its strategic partnership with Stripe and its prominent position in Africa’s $1 billion digital payments ecosystem, is now under intense public scrutiny over its management of the allegations and Olubi’s departure.